Barring HDFC Bank, rest nine companies, including Tata Consultancy Services (TCS), Infosys, ICICI Bank and Hindustan Unilever, witnessed decline in their market valuation.
Bajaj Finance, Bajaj Finserv shares fall up to 5% on RBI’s new proposal for NBFCs
Shares of Bajaj Finance and Bajaj Finserv fell sharply after the RBI proposed restricting NBFCs to offering only term loans, effectively barring revolving credit products.